Navigation Links
Turning Life Insurance to Cash
Date:6/24/2008

RUSHVILLE, Ill., June 24 /PRNewswire/ -- With the skyrocketing cost of everything from gas to food to healthcare, many seniors are struggling to make ends meet. Thousands have already turned to a relatively new option known as a life settlement. "A life settlement is more or less a recycling program for life insurance policies, and has helped thousands of seniors get the cash they need right now," says Norman Hood, an independent insurance adviser in Rushville, Illinois. "Thanks to a new program, TermtoCash, up to 40 percent more seniors could benefit from this already popular financial tool."

What is TermtoCash?

People essentially rent insurance when they buy term life. When retirement comes, some convert from term insurance to permanent insurance. Most decide it is an unnecessary expense. As a result, nearly all term life insurance policies lapse without value. TermtoCash gives seniors another option. TermtoCash is a unique life settlement program designed to provide additional life settlement options to seniors over age 55 by purchasing policies that aren't eligible for other life settlement programs.

How much money can you get?

"It depends on several factors, including your age, the face value of the policy and the amount of the premium that investors will have to pay to keep the policy in force," says Hood. Policyholders can get an estimate of the potential value of any life settlement by visiting http://www.termtocash.com and following the link to Hood's LIVEpdq calculator. "I created LIVEpdq to allow seniors to find out how much money they can get without having to deal with a high pressure sales pitch. All the information they need is on my site."

Who should consider TermtoCash?

Most types of life insurance policies, including universal life, whole life and corporate owned policies are eligible for life settlements. Term life insurance policies must be convertible to qualify, meaning they can be changed to universal life or whole life policies without proving good health. Hood says most term polices are convertible to at least age 65. Many are convertible longer, occasionally past age 80.

According to Hood, his LIVEpdq calculator can assess a person's eligibility for both a traditional life settlement and the expanded TermtoCash program. "Not everyone should sell their policy, but anyone past age 55 should at least obtain the free LIVEpdq estimate of what their policy is worth."

CONTACT: Norman Hood

800-642-8695


'/>"/>
SOURCE Norman Hood
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Depression Taking Toll on Returning U.S. Vets
2. Returning Troops Get Help for PTSD
3. Easter Seals Launches Program for Veterans Returning from Iraq and Afghanistan with Traumatic Brain Injuries
4. Lilly Grant to VA Will Enhance Services for Returning Combat Veterans
5. Capsule endoscopy turning up undiagnosed cases of Crohns disease
6. Remarks by President Bush, Senator Bob Dole and Secretary Donna Shalala on Commission on Care for Americas Returning Wounded Warriors Report Implementation
7. Turning Pointe Therapeutic Riding Recognized for Excellence in Providing Equine-Assisted Therapies to People with Disabilities
8. Non-Profit Calls on Mental Health Professionals to Honor Veterans Day by Giving an Hour of Free Counseling to Returning Veterans
9. VH1 Set to Continue Its Record-Breaking Pace Into 2008 with Brand New Premieres and Returning Series
10. USA TODAY to Report Special Series "Turning 62: The Retirement Boom Begins"
11. Turning on adult stem cells may help repair bone
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... (PRWEB) , ... June 26, 2016 , ... ... fertility once they have been diagnosed with endometriosis. These women need a treatment ... also require a comprehensive approach that can help for preservation of fertility and ...
(Date:6/25/2016)... TX (PRWEB) , ... June 25, 2016 , ... Austin ... of the American College of Mohs Surgery and to Dr. Russell Peckham for medical ... and highly effective treatment for skin cancer. The selective fellowship in Mohs Micrographic Surgery ...
(Date:6/25/2016)... Aliso Viejo, California (PRWEB) , ... June 25, 2016 , ... ... preset to fit their specific project," said Christina Austin - CEO of Pixel Film ... all fully customizable and all within Final Cut Pro X . Simply select ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, ... and his M.D from the David Geffen School of Medicine at UCLA. He trained ... Angeles to complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where ...
(Date:6/25/2016)... ... June 25, 2016 , ... On Friday, June 10, Van Mitchell, Secretary of ... award to iHire in recognition of their exemplary accomplishments in worksite health promotion. , ... Workplace Health & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire was ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... Ontario , June 27, 2016  VMS Rehab ... Company,s Board will take whatever measures required to build ... Company,s stock which is currently listed on the OTC ... Wexler, Company Chairman and CEO, "We are seeing an ... difficult to understand, not only by the Company, but ...
(Date:6/24/2016)... June 24, 2016   Bay Area Lyme ... Dean Center for Tick Borne Illness , ... Rehabilitation, MIT Hacking Medicine, University of California, Berkeley, ... announced the five finalists of Lyme Innovation ... More than 100 scientists, clinicians, researchers, entrepreneurs, and ...
(Date:6/24/2016)... CLEMENTE, Calif. , June 24, 2016  American Respiratory Labs ... company, is now able to perform sophisticated lung assessments in patients, ... Technologies , Inc. Patients are no longer limited ... ndd,s EasyOne PRO ® , ARL patients like Jeanne R. of ... done in the comfort of her own home. ...
Breaking Medicine Technology: